![More firms aware lack of focus on sustainability hurts bottom line](https://cdn.magzter.com/1617717947/1716414878/articles/ySl0wpB581716435478072/MORE-FIRMS-AWARE-LACK-OF-FOCUS-ON-SUSTAINABILITY-HURTS-BOTTOM-LINE.jpg)
Just a few years ago, some companies were under the impression that employing sustainable practices would come at a cost to business.
But more firms are now realising that the lack of sustainability is actually hitting them where it hurts the most their bottom lines.
Companies that neglect sustainability may face various risks and challenges that ultimately impact their financial success, including reputational damage, limited access to capital, and non-compliance with regulations.
Said Mr Kim Yoon Young, Schneider Electric's cluster president for Singapore and Brunei: "Businesses failing to meet stringent greenhouse gas emission measures risk facing significantly reduced business prospects." However, smaller companies often encounter challenges in meeting sustainability requirements, especially those that are in the business of supplying goods to larger firms, or global or European Union-based firms, which are known for their stringent greenhouse gas emission standards, Mr Kim said.
According to a May 8 survey by Schneider Electric, 78 per cent of business leaders from small companies said they have lost either existing or potential new business due to stringent greenhouse gas emission demands.
The survey included over 500 senior business leaders in Singapore who are involved in leading the sustainability strategies for their organisations, which range from small firms to large multinational corporations across various industries.
Hence, Schneider Electric is working with organisations to help firms on their sustainability journey, such as through its partnership with Enterprise Singapore to launch a kick-starter decarbonisation plan for small and medium sized enterprises.
هذه القصة مأخوذة من طبعة May 23, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 23, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![Malfunctioning component among reasons for N-S Line disruption: LTA](https://reseuro.magzter.com/100x125/articles/24723/1734226/JOl1vhCWu1718496325701/MALFUNCTIONING-COMPONENT-AMONG-REASONS-FOR-NS-LINE-DISRUPTION-LTA.jpg)
Malfunctioning component among reasons for N-S Line disruption: LTA
A component meant to protect outdoor equipment from power surges, like those from lightning strikes, did not work as intended on June 3, resulting in a traction power fault that disrupted commutes along the northern stretch of the North-South MRT Line for more than two hours during evening peak hours.
![WHO warns of escalating health crisis in West Bank](https://reseuro.magzter.com/100x125/articles/24723/1734226/_UhsMKu731718497853050/WHO-WARNS-OF-ESCALATING-HEALTH-CRISIS-IN-WEST-BANK.jpg)
WHO warns of escalating health crisis in West Bank
Attacks on health infrastructure, growing restrictions obstructing access to care
![Young and old bond over dialect lessons at senior daycare centre](https://reseuro.magzter.com/100x125/articles/24723/1734226/WKjM-ZZ1L1718498310557/YOUNG-AND-OLD-BOND-OVER-DIALECT-LESSONS-AT-SENIOR-DAYCARE-CENTRE.jpg)
Young and old bond over dialect lessons at senior daycare centre
Programme brings sense of purpose to seniors, helps kids develop social skills
![Inspiring, strong, loving: Dads show it their way](https://reseuro.magzter.com/100x125/articles/24723/1734226/QpCAo1F-Y1718493258473/INSPIRING-STRONG-LOVING-DADS-SHOW-IT-THEIR-WAY.jpg)
Inspiring, strong, loving: Dads show it their way
This Father’s Day, meet four emotionally involved fathers who show true dad-ication
![World leaders join peace summit in test of Kyiv's diplomatic clout](https://reseuro.magzter.com/100x125/articles/24723/1734226/b3dFucl9l1718491609020/WORLD-LEADERS-JOIN-PEACE-SUMMIT-IN-TEST-OF-KYIVS-DIPLOMATIC-CLOUT.jpg)
World leaders join peace summit in test of Kyiv's diplomatic clout
Absence of Moscow's powerful allies such as China set to blunt potential impact of talks
![Cleanup under way after oil slicks hit Sentosa, East Coast Park and other areas](https://reseuro.magzter.com/100x125/articles/24723/1734226/Lms4STqiQ1718492068422/CLEANUP-UNDER-WAY-AFTER-OIL-SLICKS-HIT-SENTOSA-EAST-COAST-PARK-AND-OTHER-AREAS.jpg)
Cleanup under way after oil slicks hit Sentosa, East Coast Park and other areas
Oil slicks stained the coastlines at East Coast Park, Labrador Nature Reserve, Keppel Bay, the Southern Islands and Sentosa on June 15, a day after a damaged cargo tank leaked oil into the sea at Pasir Panjang Terminal.
![PM Wong kick-starts series of visits to districts across S'pore](https://reseuro.magzter.com/100x125/articles/24723/1734226/4pt_UyG2Q1718492918884/PM-WONG-KICKSTARTS-SERIES-OF-VISITS-TO-DISTRICTS-ACROSS-SPORE.jpg)
PM Wong kick-starts series of visits to districts across S'pore
A month after being sworn in to the top post, Prime Minister Lawrence Wong says he plans to visit different constituencies across the island over the coming months to meet as many Singaporeans as he can.
![ANYWHERE FITNESS](https://reseuro.magzter.com/100x125/articles/24723/1734226/JM8yKAc9d1718494487986/ANYWHERE-FITNESS.jpg)
ANYWHERE FITNESS
Experts say daily exercise of at least 20 minutes is best for a healthier mind and body for all ages. Here’s how to get ina workout without going to a gym
![MAD ABOUT INDIAN MANGOES](https://reseuro.magzter.com/100x125/articles/24723/1734226/imOkXYnNY1718495404287/MAD-ABOUT-INDIAN-MANGOES.jpg)
MAD ABOUT INDIAN MANGOES
Taste these seven varieties here before the season is over
![NTU marketing professor introduced as new face in Tampines East](https://reseuro.magzter.com/100x125/articles/24723/1734226/s7AMXHYjY1718496497866/NTU-MARKETING-PROFESSOR-INTRODUCED-AS-NEW-FACE-IN-TAMPINES-EAST.jpg)
NTU marketing professor introduced as new face in Tampines East
A new grassroots leader for the Tampines East ward of Tampines GRC was introduced to residents by anchor minister Masagos Zulkifli on June 15.